What does closed block annuity — net amount at risk mean?

Represents the difference between the death benefit or other guaranteed payout and the current account value for policies in the closed block. This metric quantifies the insurer's exposure to potential claims exceeding the assets currently held in the policyholder's account. It is a primary measure of insurance risk and capital adequacy for legacy annuity products.

Jackson Financial JXN Closed Block Annuity — Net amount at risk

Other product segments

Variable annuity

$7.19B-11.3%

Fixed Index Annuities

$0—

Payout Annuities

$0—

RILA

$0—

Similar metrics at other companies

UNMClosed Block — Net liability for future policy benefits

$23.1B+2.3%

UNMClosed Block — Net liability for future policy benefits, after reinsurance recoverable

$14.97B-13.8%

LNCFixed Annuities — Net amount at risk

$425M+66.7%

UNMClosed Block — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

$30.47B+0.9%

UNMClosed Block — Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

$7.37B-3.2%

UNMClosed Block — Total liability for future policy benefits

$24.52B+1.9%

Other financials

Income statement

See full

Revenue$2.9B-22.6%

Operating income$760.8M—

Net income-$424.0M-1,667%

EPS (diluted)-$6.24-1,200%

Balance sheet

See full

Cash & equivalents$5.5B+42.5%

Total debt$2.7B+31.8%

Total equity$9.5B-7.8%

Total assets$339.54B+3.8%

Cash flow

See full

Operating cash flow$1.0B-34.4%

Valuation

See full

Market cap$7.45B+22.3%

Enterprise value$4.59B+8.2%

P/S1.3×+0.4×

Profitability

See full

Net margin11.7%—

Returns & leverage

See full

Return on equity5.5%—

Debt / equity0.3×+0.1×

Where this comes from

Reported directly by Jackson Financial in its filing.

Tagged under the XBRL concept us-gaap:PolicyholderAccountBalanceNetAmountAtRisk.

The official record: Jackson Financial’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Jackson Financial's closed block annuity — net amount at risk?: Jackson Financial (JXN) reported closed block annuity — net amount at risk of $0 in Q1 2026.
What does closed block annuity — net amount at risk mean?: Represents the difference between the death benefit or other guaranteed payout and the current account value for policies in the closed block. This metric quantifies the insurer's exposure to potential claims exceeding the assets currently held in the policyholder's account. It is a primary measure of insurance risk and capital adequacy for legacy annuity products.